Please Clarify this for Me

 

I need to clarify an answer:

when i open an account and trade 1 lot of 100000, will the 100000 be quoted in $, or the value of the base currency i am going long in?

to compute my margin, my margin will always be quoted in $, therefore the lot size of 100000 should be in $, therefore if i am going long usd/jpy, i sell $100000 lot for jpy then sell jpy for dollars, right??

Liz

 

hey

must be the base currency

sailor